Course description
The firm-wide risk assessment is one of, if not the, most important AML documents you will have in your business. It is often described as the backbone of money laundering compliance in your firm. Once this is in place all your policies and procedures, training and due diligence will flow from it.
It is important to get this document right. This recorded webinar will show you how.
In this webinar, expert speaker Joanna Morris will cover Regulation 18 of the MLR 2017, planning the firm wide risk assessment, the resources you can use to help with putting this risk assessment together, and more.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
The firm-wide risk assessment is one of, if not the, most important AML documents you will have in your business. It is often described as the backbone of money laundering compliance in your firm. Once this is in place all your policies and procedures, training and due diligence will flow from it.
Regulation 18 of the Money Laundering Regulations 2017 made it a legal requirement that all firms subject to the regulations must have this written document in place. It helps to identify the risks your business faces.
Although many templates are in circulation it is a very specific document to your business and must be personalised to suit your firm.
The regulations tell us the five key areas to focus on - clients, geographic, products and services, transactions, and delivery channels but there are many other elements that need to be considered.
As this document is always the first thing the regulators ask for when preparing for a visit, and some regulators ask you to sign a declaration to confirm you are compliant with the MLR 2017, it is important to get this right.
This recorded webinar will show you how.
What You Will Learn
This webinar will cover the following:
- Regulation 18 of the MLR 2017 - legal requirement
- The National Risk Assessment (NRA) and Sectoral Risk Assessment - things to consider
- Planning the firm wide risk assessment:
- Do I want to use a template?
- What questions do I need to ask?
- Who else needs to be involved in preparing the risk assessment?
- Where can I get my information from?
- What resources can I use to help with putting this risk assessment together - sector specific guidance
- Living document - how often do I need to review and update?
Expenses
MBL Seminars Limited
MBL is a leading learning and development provider for professional service firms. Over the past 18 years, more than 198,000 people across 23,000 different organisations spanning 81 countries, have chosen us to deliver their training. With over 800 expert speakers...